Outright Futures, Futures Spreads, and Options. Limit order.
Benchmark: Stop Limit Snipe
Method: Deploys a Snipe order when the market trades at a price level
Algo parameters in addition to [Side, Size, Price]
•Price Type [Required]
o Last Trade Price – Deploy if a price level trades
o Same – Deploy if market is bid (for buy orders) or offered (for sell orders)
o Opposite - Deploy if market is bid (for sells) or offered (for buys)
•Pause Between Orders [Default – 0]
o Pause between orders in milliseconds
•Tick Offset [Default – 0]
o Initial placement of child orders relative to Price. 0 means no change, -1 means one tick worse.
•I Won’t Ticks [Default – 0]
o If set to a negative number, the unfilled balance of this order will convert to a market order if, after a partial fill, the market moves against by the specified number of ticks.
o If this number is a positive number, the algo performs as if it were a market-if-touched.
o If zero, this go-to-market functionality is turned off.
•PayUp Parameters: see PayUp Algo